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10 p.m. the time Toys “R” Us opens tonight for Black Friday (earliest)
12 a.m. the time Wal-Mart opens for Black Friday (still pretty early)
3 a.m. the time Kohl’s opens for Black Friday (too late; nobody cares) source

Posted by Ernie Smith • 0 Comments • Permalink

cause A bunch of retail spaces have closed during the recession – including 8,000 stores expected in the first half of this year alone.
effect Chains still doing well – including Forever 21, Kohl’s and Staples – are taking advantage of cheap rents to launch new concepts. source

Posted by Ernie Smith • 4 Comments • Permalink

I would expect a retailer’s credit quality always to be taken into account when a firm is lending money against that retailer’s receivables. If a vendor is owed the money by Wal-Mart that is very different than if a vendor is owed the money by [bankrupt] Linens N Things, for example.
GimmeCredit analyst Carol Levenson • Describing how Wal-Mart’s new policy, which allows suppliers to get credit on the back of the company’s very strong credit rating, is genius. Obviously, not every supplier can count on retailers to bail them out like this. But many are in a position to do the same thing, including Target, Kohl’s, TJX Cos. (the parent of TJMaxx, Marshall’s and other similar stores), Home Depot, Lowe’s and Walgreens. Considering that suppliers are likely in the tank in this economy, this could save them. • source

Posted by Ernie Smith • 0 Comments • Permalink

25 Nov 2010 21:53